Fiji’s central bank bans cryptocurrencies for payments or investments
According to Cointelegraph, the Reserve Bank of Fiji (RBF) has issued a warning to the public against using cryptocurrencies for payment or investment. Fijian residents may even face criminal charges for investing in overseas cryptocurrencies using "funds held in Fiji." The RBF stated that no license has been issued to any person or entity to provide cryptocurrency investment or virtual asset trading.
Trust Wallet tweeted that it has discovered a high-risk zero-day vulnerability in iMessage for iOS users, which allows hackers to hack into users' iPhones without clicking on any links. It is recommended that users disable iMessage as soon as possible until Apple fixes the vulnerability.
Solana-based real estate platform Parcl opens up initial token distribution airdrop claim function
Solana-based real estate platform Parcl has opened up the community initial allocation airdrop claim function for its PRCL tokens. The function is currently available on the Parcl user's points page, and the airdrop claim will start at 20:59 on April 16th, Beijing time.
Based on data from the points program and extensive scenario simulations, PRCL is distributed using a linear model with limits placed on top users to protect decentralization. All HOA holders as of April 11, 2024 are accounted for. Approximately 1,700 @Homeowners (approximately 3,300 NFTs) took a Diamond Hands snapshot. The remaining holders will receive Common tiers. The snapshot for Mad Lads holders was completed on April 5, 2024. Approximately 4,400 unique Mad Lads participated (approximately 6,700 NFTs), and it is expected that each participating Mad Lad NFT will be allocated approximately 150 PRCL.
Crypto Fund Web3.com Ventures Officially Launches Top-Level Domain Web3.com
According to official news, Web3.com Ventures announced that it has officially launched the domain name web3.com, which is the international top-level domain name in the web3 field. Founded in 2022, Web3.com Ventures is a diversified crypto venture capital fund that continues to focus on investments in emerging technology fields, including Web3 infrastructure, zero-knowledge proofs, artificial intelligence, and hardware equipment, with an asset management scale of more than 100 million US dollars.
According to the official website, Web3.com Ventures is an LP of venture capital funds such as HackVC, IOSG Ventures, Animoca and HashKey Capital. Its investment portfolio also includes outstanding projects such as Delphinus Lab, WOMBO, Babylon, BOB, Martian, Botanix, io.net, etc. Web3.com Ventures hopes to assist and promote the development of the Web3 ecosystem with its team's more than 10 years of experience and resources in the encryption field.
Vitalik: Railgun can effectively prevent malicious actors from joining and protect user privacy
In response to Wu Blockchain report that “In the past six months, Vitalik Buterin has used a small amount of ETH to interact with Railgun almost every month,” Vitalik replied: “Railgun uses a privacy pool protocol, which can effectively prevent malicious actors from joining and protect user privacy.”
Illuvium will airdrop 250,000 ILV tokens to users in Q2, worth about $25 million
The blockchain game project Illuvium announced that it will airdrop 250,000 ILV tokens to users in the second quarter of 2024, worth about $25 million. The airdrop activity includes two parts: one is 50,000 ILV specifically provided for loyal holders, and the other is a 6-month Play-to-Airdrop program, which reserves 200,000 ILV. The qualification snapshot for this airdrop was completed at 23:59 UTC on April 14, 2024.
Omni Network: OMNI tokens will be available for claiming and staking at 19:00 on April 17
Omni Network announced on the X platform that OMNI tokens will be available for claiming and staking at 19:00 Beijing time on April 17 to receive additional rewards. The initial circulation of the token is 10,391,492.
Fortune Magazine: Polychain, Dao5 and DCG hold hundreds of millions of dollars in TAO tokens
According to Fortune magazine, Polychain, a venture capital firm founded by early Coinbase employee Olaf Carlson-Wee, incubated the decentralized AI project Bittensor in 2019 and holds about $200 million in Bittensor tokens TAO. In addition, Dao5, an investment fund founded by Polychain alumnus Tekin Salimi, holds $50 million worth of TAO and is also an early supporter of the Bittensor ecosystem. Digital Currency Group is another supporter of Bittensor, holding about $100 million worth of TAO. A DCG spokesperson declined to comment. In addition to the support of venture capital firms like Polychain, other well-known companies have also supported Bittensor by acting as validators, helping to guide the development of the subnet through their holdings of TAO.
Eric Balchunas, senior ETF analyst at Bloomberg, said on X platform: "Hong Kong Bitcoin spot ETFs have been approved to exist but have not yet launched. Rumor has it that they will launch next week to avoid conflicts with the Dubai conference. Don't expect a lot of inflows (I have seen an estimate of $25 billion, which is crazy). We think they will be very lucky if they can attract $500 million. Here are the reasons: 1. The Hong Kong ETF market is very small, only $50 billion, and mainland Chinese residents cannot buy these ETFs, at least from official channels. 2. The three issuers that have been approved (Bosera Fund, China Asset Management, Harvest Fund) are all very small. There are no big institutions like BlackRock participating yet. 3. Hong Kong's underlying ecosystem is illiquid and inefficient, so these ETFs may see large spreads and premium discounts. 4. The fees for these ETFs may be between 1-2%. This is a far cry from the extremely low fees in the United States."
However, Balchunas said: "To be clear, all of this is clearly positive for Bitcoin because it opens up more investment channels. But in the long run, some of this may disappear: enhanced liquidity, narrower spreads, lower fees, and greater issuer participation. But in the short and medium term, our expectations are more modest." In addition, Balchunas added: "Yes, the Ethereum ETF has also been approved. The $500 million we estimated is the sum of all these ETFs added together."
Crypto game studio AVALON completes $10 million financing, led by BITKRAFT Ventures and HASHED
According to The Block, crypto game studio AVALON has completed a $10 million financing round, led by BITKRAFT Ventures and HASHED, with participation from Coinbase Ventures, Foresight Ventures, Delphi Digital, Spirit DAO, Sanctor Capital, DEXT Force Ventures, Follow the Seed, LVT Capital, Andromeda Capital, FocusLabs, LiquidX, Momentum 6, The Spartan Group, MH Ventures, Contango Digital Assets, PG, GuildFi, BreederDAO, Mechanism Capital, and multiple Web3 game content creators.
The trading volume data of Bitcoin spot ETFs on April 15 are as follows: BlackRock IBIT US$1.65 billion, Grayscale GBTC US$774 million, Fidelity FBTC US$569 million, ProShares BITO US$403 million, ARKB US$173 million, and BITB US$72.36 million.
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